clinton who cornered the candidate with just one word, arithmetic, arguing that his plan just doesn't add up. but if you dare call him out on it, watch out. >> so i'm not going to send money to amtrak. i'm not going to send money to pbs. not going to send money to the national center -- or the national endowment for humanities and arts. >> that doesn't add up to much, governor. >> i'm happy to keep going, julie, okay? >> as for middle class americans who believe that will translate into big tax cuts, well, mr. romney has some bad news for you. >> by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions, but by bringing rates down, we'll be able to let small businesses keep more of their money so they can hire more people. >> jared bernstein is an msnbc contributor and former chief economic policy to the vice president. it's great to have you in person, jared. can you explain something to me because this sounds to me like a game of smoke and mirrors. on the one hand he says he's going to reduce everyone's taxes by 20%. >> right. >> on